On July 21, 2022, shares of Energy Vault fell over 6% after Culper Research issued a report that calls into serious question the business and operations of the company. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Here's what the company said in part. To hide from slander cases, perhaps?). Is This Warren Buffett Stock a Buy After Its Dividend Boost? Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Picture this: Benedict Arnold, one of the United State's (U.S.) most infamous traitors and John Andre are successful in conspiring to attack West Point in 1780 ("The Culper Spy Ring," 2010). Yes, the two executives were at Redwood Scientific. Read the complaint here: To view this content, please continue to their sites. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Our Team Account subscription service is for legal teams of four or more attorneys. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. Treace Medical Concepts (TMCI) dropped 17% after a new short report from Culper Research.Culper Research says it's short the stock.Treace Medical (TMCI) didn't immediately return. Eric Volkman has no position in any of the stocks mentioned. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Some research into Culper Research. Did they not look into this and see all this??? And changing your chief financial officer in the midst of this doesn't exactly reassure. Like, within two days of the report, which just adds to the shadiness of the situation. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? The second major issue the Culper report has with Veru is the quality of management. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Theres even room for more lines. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? $10/person - Space is limited. The suits defamation claims center on a Culper report and investor alerts accusing LifeMD principals of engaging in fraud at a previous company and using unlicensed doctors to dispense medications. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties intentions as reflected in the provision and rule that the other provisions of these Terms of Service remain in full force and effect, in particular as to this governing law and jurisdiction provision. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! While the short report is lengthy, here is part of what Culper said. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. For accurate information about the Company, Shareholders should refer to the Company's disclosure documents filed with U.S. Securities and Exchange Commission, which are available online under the Company's EDGAR profile atwww.sec.govor on the Investor Relations tab of the Company's website atwww.CleanSpark.com. But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. Create an account to follow your favorite communities and start taking part in conversations. Is this a bad sign for your stock? Did anyone read this? Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. If You Invested $1,000 in Veru in 2020, This Is How Much You Would Have Today, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? "We believe that the Company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors to insiders. Dont listen to shitron in the first place, that guy is the worst, Did some research, seems like Dr Badii is no longer with RexMD. Another bright side is the short report does not have a single mention of PDFSimpli, so if all else fails and the telehealth biz goes to zero at least we have a market cap base of maybe $60-70 million for PDFSimpli lol. Use of Culper Research's ("Culper") research is at your own risk. Here is what I think: These scumbags are going after companies with low institutional/high retail stocks that are on fire, to take advantage of panic. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the securities covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Significant to regional and national historical narratives, SBU's letters were authored in 1779 and 1780 and document espionage activities in the Three Village area of Long Island, New York, the . Culper Research also notes that some of LifeMD's current executives were implicated in the Redwood scandal, either as employees of the company directly involved in these crimes or as major shareholders. The Motley Fool has no position in any of the stocks mentioned. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. Culper Research, an activist short-seller that in its words "seek[s] to expose companies which have misrepresented their operations, failed to disclose significant risks, misappropriated capital . Investors could turn away from the company in droves if the researcher's allegations have merit, however. So let's take a look at what Culper is saying about Aterian. And, the marketing expense for RexMD by Culper is just an "estimate". Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? I took a deep look into the Culper Research short report and this is what I found.Culper Research short report on Core Scientifichttps://img1.wsimg.com/blobb. Press question mark to learn the rest of the keyboard shortcuts. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Not really sure how to end this post, but please let me know think. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. It looks very bad . Our 3 Top Picks. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. 1001 and 1030). Veru(NASDAQ:VERU) is set to discuss on May 10 with the Food and Drug Administration a pre-Emergency Use Authorization (EUA) meeting for its Phase 3 Covid-19 drug, sabizabulin (VERU-111). Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Copyright This is set for next Tuesday, May 10. TICKETED EVENTS on Culper Spy Day. Shouldn't you, at a minimum, audit the financials before you pay $25 million in cash, and give up 4.22 million shares ($60 million at current prices), and agree to acquire a $15 million promissory note? This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. The Motley Fool has no position in any of the stocks mentioned. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. Feel like going after another group of asshole short sellers trying to screw over us regular investors? For example, if it has to redesign the study and start from scratch the costs could go up. Prosper Junior Bakiny has no position in any of the stocks mentioned. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK ), ("CleanSpark, or "the Company"), an advanced software and controls technology solutions company focused on solving . CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . what are you doing after this report? Investors might want to watch out. LFMD responded to short report, denying the claims and will report something in detail soon. For more information, visit https://ATL-DATA.com. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. I guess my last point is - how much of yesterday's decline is attributed to a short report from a company with a terrible track record vs. attributed to why the stock has declined between the earnings and short report? In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any information on this site. The suit's defamation claims center on a Culper report and 'investor alerts' accusing LifeMD principals of engaging in fraud at a previous company and using unlicensed doctors to dispense . lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery However, such information is presented as is, without warranty of any kind whether express or implied. The publisher of this false . Nasdaq More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. Rivington's association with Culper Jr., and Jr.'s association into the New York City British social environment, clearly places them in contact and since Rivington subsequently provided the British Naval . To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. The problem is this is a highly speculative play for most investors. "LifeMD uses technology to make health care more accessible to people from all walks of life. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . At this point, the connection between all these entities and Culper is unclear, beyond the fact that Culper posted the response to Ma-Weaver/Cable Car Capital's SEC FOIA request back in December. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." These statements are based on CleanSpark's current beliefs and expectations. The Motley Fool recommends Aterian, Inc. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. According to documents Aterian filed with the SEC on April 29, 9380 Macarthur does indeed own almost 5 million shares, or 16.2% of the company. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Among its raft of accusations, Culper wrote that the trial is significantly smaller than those conducted for other COVID drug candidates and demonstrated a worryingly high mortality rate. Making the world smarter, happier, and richer. culper research legitsan juan airport restaurants hours. The short is also correct that the 9380 lockup expires in June, which means that Aterian's biggest shareholder will be free to start selling shares that were acquired for pennies. The company did not report any news, but these losses are a result of a short-seller report issued by investigative research firm Culper Research. The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. I do wish to raise two issues: Rivington and my background. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Mohawk Group Holdings) was founded by . *Average returns of all recommendations since inception. Thank you for your interest in the U.S. Securities and Exchange Commission. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Use of Culper Research's ("Culper") research is at your own risk. Also, apparently, most of the patients in the study were outside of the U.S. On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). On February 26, 2021, Hindenburg Research and Culper Research published reports regarding SOS Limited, alleging that the Company was a "pump and dump" scheme that used fake addresses and doctored . Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. CleanSpark Investigates Anonymous Short Seller. To other RS execs were laundering money (husband and wife). Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? License our industry-leading legal content to extend your thought leadership and build your brand. CleanSpark takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. from 8 AM - 9 PM ET. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Culper research countered with a well-timed short report tweeted at 8:05 AM spreading fear in the minds of longs that something was wrong going into the investor call. Copyright 2023 ALM Global, LLC. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. They do this behind a wall of relative anonymity which is curious given their apparent altruistic intentions of "protecting investors" would lend you to think they would want to be praised for their support for all the poor little guys like us. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. LFMD execs were not involved, and left the company. This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. That's $100 million you paid. It is our view that the Oklahoma revenue opportunity is just 1/28 th (1.6MM/45MM) of or 96% lower than what Berman intimated during the investor presentation.. REKR's first quarter 2021 earnings corroborate our view.
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